TurboTax Small Business Review

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If you run an enterprise, it’s essential to make sure you file your taxes. Luckily, there are several options to pick from. Intuit offers a variety service tiers as well being downloadable solutions that provide an intuitive experience when it comes to filing taxes. These solutions can be expensive especially if used to file multiple tax returns for various states.

TurboTax Business offers a wide range of features that can be used for business tax filing. It lets users prepare state and federal tax returns, check for errors and omissions, and receive a swift refund. It also assists users in determining the tax liabilities of their business and determine the tax-deductible expenses. It has a database of more than 350 deductions and credits and it makes use of this information to find the best possible return for your business.

The software also helps users make quarterly estimated tax payments with the IRS. This is usually required if you are planning to owe more than $1,000 in taxes. You can pay via the Electronic Federal Tax Payment System or mail a 1040ES form.

The TurboTax Business software is a great choice for small businesses in need of assistance with their taxes. Its interface makes it easy to use, and the program is able to handle various deductions and credit. It is appropriate for use by sole proprietors, and contractors who receive W-2s or 1099MISC forms. The software can also assist users to file returns for S companies and business partnerships. It can also calculate capital gains and losses for properties sold, and other investment transactions.

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